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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77203  
Subject: Re: IRA to Roth and basis Date: 1/29/2001 5:54 PM
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When funds from a simple IRA are withdrawn and immediately rolled into a Roth how are taxes determined with respect to the basis of the original IRA, given that some of the contributions to the IRA were taxable and some were not?

I'll expand a little on Pixy's response. When you take distributions from a traditional IRA, including converting some of that IRA to Roth, and there have been nondeductible contributions to the traditional IRA, you calculate the taxable portion of the distribution in Part I of Form 8606. That is the taxable amount from the conversion.

TMF ExRO
Phil Marti
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